[DOWNLOAD] "Janss Corporation v. Board Equalization" by Supreme Court of Idaho No. 10495 " Book PDF Kindle ePub Free

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eBook details

• Title: Janss Corporation v. Board Equalization
• Author : Supreme Court of Idaho No. 10495
• Release Date : January 21, 1970
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

After having suffered annual losses of approximately $650,000.00 for several years prior to December 1964, the Union Pacific
Railroad at that time sold the Sun Valley Resort to Janss Corporation, appellant herein, for the sum of $1,863,843.00. The
property included 4000 acres of land in Blaine County, Idaho, and the hotel and other buildings which were located on the
land. In 1965 the property was examined for the purpose of tax assessment, and was valued at $4,000,000.00. After appellant
objected to that figure, the tax assessor for Blaine County, a representative of the appellant, and a member of the State
Tax Commission examined the property in detail and allowed for such functional obsolescence as was pointed out by the appellant's
representative. The previous figure was then adjusted, and the property was assessed for the 1966 tax year at the cash value
of $3,089,000.00. Appellant protested the assessed valuation of the property before the Blaine County Board of Equalization, contending that
the purchase was made in an arm's length transaction, and that the value of the property for tax purposes should be the price
at which it was purchased. From denial of their claim, appellant appealed to the State Tax Commission. During the latter proceeding,
testimony was given indicating that since the purchase of the property in question, the property in the area has greatly increased
in value. The State Tax Commission affirmed the Board of Equalization's denial of appellant's claim for reduction in assessed
valuation of the property, and from that decision appellant appealed to the district court. By stipulation of the parties,
the case was heard in the district court on the record established in the Tax Commission hearing and upon briefs filed by
the parties. From the order of the district court affirming the ruling of the State Tax Commission, appellant has effected
this appeal.

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